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Technology - Information Technology Services - NYSE - US
$ 280.97
-0.791 %
$ 261 B
Market Cap
48.03
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one IBM stock under the worst case scenario is HIDDEN Compared to the current market price of 281 USD, International Business Machines Corporation is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one IBM stock under the base case scenario is HIDDEN Compared to the current market price of 281 USD, International Business Machines Corporation is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one IBM stock under the best case scenario is HIDDEN Compared to the current market price of 281 USD, International Business Machines Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart IBM

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$290.0$290.0$280.0$280.0$270.0$270.0$260.0$260.0$250.0$250.0$240.0$240.0$230.0$230.0$220.0$220.0$210.0$210.0Jan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 Jun
FINANCIALS
62.8 B REVENUE
1.44%
10.1 B OPERATING INCOME
2.58%
6.02 B NET INCOME
-19.71%
13.4 B OPERATING CASH FLOW
-3.49%
-4.94 B INVESTING CASH FLOW
30.17%
-7.08 B FINANCING CASH FLOW
-300.17%
14.5 B REVENUE
-17.16%
1.76 B OPERATING INCOME
-54.76%
1.06 B NET INCOME
-63.80%
4.37 B OPERATING CASH FLOW
0.92%
-13 B INVESTING CASH FLOW
-841.19%
5.44 B FINANCING CASH FLOW
424.76%
Balance Sheet International Business Machines Corporation
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Current Assets 34.5 B
Cash & Short-Term Investments 14.6 B
Receivables 14 B
Other Current Assets 5.88 B
Non-Current Assets 103 B
Long-Term Investments 1.79 B
PP&E 8.93 B
Other Non-Current Assets 92 B
10.64 %10.21 %4.29 %6.51 %67.05 %Total Assets$137.2b
Current Liabilities 33.1 B
Accounts Payable 4.03 B
Short-Term Debt 5.86 B
Other Current Liabilities 23.3 B
Non-Current Liabilities 76.6 B
Long-Term Debt 52.5 B
Other Non-Current Liabilities 24.1 B
3.67 %5.34 %21.18 %47.86 %21.95 %Total Liabilities$109.8b
EFFICIENCY
Earnings Waterfall International Business Machines Corporation
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Revenue 62.8 B
Cost Of Revenue 27.2 B
Gross Profit 35.6 B
Operating Expenses 25.5 B
Operating Income 10.1 B
Other Expenses 4.05 B
Net Income 6.02 B
70b70b60b60b50b50b40b40b30b30b20b20b10b10b0063b(27b)36b(25b)10b(4b)6bRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
56.65% GROSS MARGIN
56.65%
16.05% OPERATING MARGIN
16.05%
9.60% NET MARGIN
9.60%
22.06% ROE
22.06%
4.39% ROA
4.39%
9.51% ROIC
9.51%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis International Business Machines Corporation
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16b16b14b14b12b12b10b10b8b8b6b6b4b4b2b2b0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 6.02 B
Depreciation & Amortization 4.67 B
Capital Expenditures -1.68 B
Stock-Based Compensation 1.31 B
Change in Working Capital 1.31 B
Others 4.33 B
Free Cash Flow 11.8 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets International Business Machines Corporation
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Wall Street analysts predict an average 1-year price target for IBM of $242 , with forecasts ranging from a low of $170 to a high of $385 .
IBM Lowest Price Target Wall Street Target
170 USD -39.50%
IBM Average Price Target Wall Street Target
242 USD -13.95%
IBM Highest Price Target Wall Street Target
385 USD 37.03%
Price
Max Price Target
Min Price Target
Average Price Target
400400350350300300250250200200150150Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26Jul '26Jul '26
4. DIVIDEND ANALYSIS
0.67% DIVIDEND YIELD
1.68 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
7.000007.000006.000006.000005.000005.000004.000004.000003.000003.000002.000002.000001.000001.000000.000000.000001.051631.242831.338431.434031.500961.548761.558321.641.651.661.671.242831.338431.434031.500961.548761.558321.567881.651.661.671.681.242831.338431.434031.500961.548761.558321.567881.651.661.671.242834.781.338435.261.434035.641.500965.941.548766.151.558326.221.646.331.656.591.666.631.676.673.352015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
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6. Ownership
Insider Ownership International Business Machines Corporation
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
6.72 M USD 1
6-9 MONTHS
775 K USD 1
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
299 K USD 1
3-6 MONTHS
197 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
IBM Announces Quantum Milestone Jerry Chow, IBM Fellow and Director of Quantum Systems at IBM Research, explains the company's latest milestone in its effort to build the world's first fault-tolerant quantum computer. Chow speaks with Caroline Hyde on “Bloomberg Tech. youtube.com - 1 week ago
IBM remains top software name as with AI, quantum momentum driving upside, Wedbush says International Business Machines Corp (NYSE:IBM) has earned a price target increase from Wedbush analysts, who also maintained their ‘Outperform' rating on their bullish view of the tech giant's role in the ongoing AI revolution.  “We believe that IBM is well-positioned to capitalize on the current demand shift for hybrid and AI applications with more enterprises looking to implement AI for productivity gains and drive long-term profitable growth,” they wrote. proactiveinvestors.com - 1 week ago
IBM vs. Oracle: Which Hybrid Cloud Stock Offers Better Growth? IBM's strong hybrid cloud push, AI deals and cheaper valuation give it an edge over Oracle despite tough competition. zacks.com - 2 weeks ago
Kyndryl Holdings: This IBM Spinoff Has Now Reached An Inflection Point Kyndryl has successfully restructured post-spin-off, improving profitability by shedding low-margin contracts and focusing on higher-margin services. The company achieved its first year-over-year topline growth in constant currency, signaling a key inflection point in its turnaround. Strong Q4 FY25 results and upbeat FY26 guidance support JPMorgan's overweight rating and $45 price target, implying further upside. seekingalpha.com - 2 weeks ago
Why IBM Is the Best Quantum Computing Stock to Buy Right Now A future quantum computer could potentially solve problems that are essentially impossible for even the most powerful supercomputer. The magic comes from the nature of quantum physics. fool.com - 2 weeks ago
Markets Flat on FOMC Announcement, OpenAI/META Talent Tiff, IBM Soars, Crypto Movers Equities closed near the flat line after the FOMC kept rates unchanged. The Federal Reserve's latest "dot plot" indicated the possibility of 2 rate cuts in the year ahead. youtube.com - 2 weeks ago
FOMO: Legacy Tech Names IBM & ORCL Marley Kayden drops by the Next Gen set to profile a pair of legacy tech stocks that received bullish notes from Wall Street analysts. For IBM Corp. (IBM), BofA hiked its price target to $320 from $290 as shares reach new all-time highs today. youtube.com - 2 weeks ago
IBM still has room to run, says BofA as it lifts price target Bank of America raised its price target on International Business Machines Corp (NYSE:IBM) to $320 from $290, saying the stock could re-rate higher on the back of transformational initiatives, expanding free cash flow, and accelerating revenue growth. While IBM shares are trading near all-time highs at about 22 times forward enterprise value to free cash flow, BofA analysts argue the valuation is still attractive given the company's strategic overhaul and positioning in generative and Agentic AI. proactiveinvestors.com - 2 weeks ago
This summer the market is going to get soft, says IBM's Gary Cohn Gary Cohn, IBM vice chairman, joins 'Money Movers' to discuss his Fed expectations, the summer market outlook and the economy. youtube.com - 2 weeks ago
IBM's All-Time High, Solar Stocks Cut, NCLH Downgrade IBM Corp. (IBM) shares rise to a new all-time high after the company introduced new agentic A.I. software. Diane King Hall joins Nicole Petallides to dive into IBM's move after BoFA analysts raised its price target to $320. youtube.com - 2 weeks ago
Generative Artificial Intelligence (AI) in Digital Marketing Market Opportunities and Strategies Report 2025-2034: Top 10 Players Control Just 15.2%, with IBM Leading at 3.48% Share The global generative AI in digital marketing market will surge from $2.48 billion in 2024 to $35.12 billion in 2034, driven by demand for personalization and AI advancements. North America leads with a 33.66% share. Key growth sectors include mobile marketing and content generation. Major players like IBM and Google dominate, with evolving strategies focusing on AI-powered advertising and video tools. Key trends include automated content and creative advertising innovation, revolutionizing digital marketing efficiency. The global generative AI in digital marketing market will surge from $2.48 billion in 2024 to $35.12 billion in 2034, driven by demand for personalization and AI advancements. North America leads with a 33.66% share. Key growth sectors include mobile marketing and content generation. Major players like IBM and Google dominate, with evolving strategies focusing on AI-powered advertising and video tools. Key trends include automated content and creative advertising innovation, revolutionizing digital marketing efficiency. globenewswire.com - 2 weeks ago
IBM Introduces Industry-First Software to Unify Agentic Governance and Security New IBM integrations to help businesses keep their agentic AI – and other generative AI systems –secured and responsible at scale Enterprises can red team agents, audit agents, detect shadow agents, and more  ARMONK, N.Y. , June 18, 2025 /PRNewswire/ -- Today, as enterprises scale AI agents across their organizations, IBM (NYSE: IBM) is announcing the industry's first software to bring AI security and AI governance teams together and provide a unified view of enterprises' risk posture. prnewswire.com - 2 weeks ago
8. Profile Summary

International Business Machines Corporation IBM

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COUNTRY US
INDUSTRY Information Technology Services
MARKET CAP $ 261 B
Dividend Yield 0.67%
Description International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity. This segment also provides transaction processing software that supports clients' mission-critical and on-premise workloads in banking, airlines, and retail industries. The Consulting segment offers business transformation services, including strategy, business process design and operations, data and analytics, and system integration services; technology consulting services; and application and cloud platform services. The Infrastructure segment provides on-premises and cloud-based server and storage solutions for its clients' mission-critical and regulated workloads; and support services and solutions for hybrid cloud infrastructure, as well as remanufacturing and remarketing services for used equipment. The Financing segment offers lease, installment payment, loan financing, and short-term working capital financing services. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.
Contact One New Orchard Road, Armonk, NY, 10504 https://www.ibm.com
IPO Date Sept. 24, 1915
Employees 270300
Officers Mr. Jonathan H. Adashek Senior Vice President of Marketing & Communications Ms. Anne E. Robinson Senior Vice President & Chief Legal Officer Mr. Alexander Franz Stern Senior Vice President of Strategy & M&A Mr. Robert D. Thomas Senior Vice President of Software & Chief Commercial Officer Dr. Bernard S. Meyerson Ph.D. Chief Innovation Officer Emeritus Mr. Arvind Krishna Chief Executive Officer, President & Chairman Ms. Nickle Jaclyn LaMoreaux Senior Vice President & Chief Human Resources Officer Mr. Gary D. Cohn Executive Vice Chairman Mr. James J. Kavanaugh Chief Financial Officer and Senior Vice President of Finance & Operations Olympia McNerney Global Head of Investor Relations